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Top 5 Community VC Funds & Investors in Estonia (September 2026)

The most active venture capital funds investing in Estonia Community startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Estonia Community startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
MM Grupp
VC Fund
2 Estonia, United Kingdom Seed, Angel, Series D Energy, Gaming, Battery $34M–$49M
Ambient Sound Investments
VC Fund
2 Estonia, United States, United Kingdom Seed, Series A, Series B Internet, Software, E-Commerce $200k–$6M
Veedoo
VC Fund
1 Estonia Seed Events, Sports, Fitness
Lompsa
VC Fund
1 Estonia Pre-Seed GPS, Pet, Apps
Mirrow Institute OÜ
VC Fund
1 Estonia, United Kingdom Seed, Pre-Seed FinTech, Leisure, Robotics
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Investor list

MM Grupp
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Community startups

MM Grupp is a privately owned holding and investment company headquartered in Estonia. The group has made strategic investments in different sectors, including pharmaceuticals' distribution (Magnum) and real estate development (Ecobay). Furthermore, the group strongly focuses on new venture capital investments to bring innovative products andservices to the market (Bacterfield, Villa Benita). Group companies employ more than 1,000 employees and mainly operate in Europe.

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Investment focus

  • Industry: Energy, Gaming, Battery
  • Stage:Seed, Angel, Series D
  • Geography: Estonia, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Series D $34M–$49M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Yanu — Robotics Company in Estonia, EU.
  • Dark Math Games — Studio behind the upcoming detective RPG - TANGERINE ANTARCTIC Wishlist on Steam!
  • Skeleton Technologies — Skeleton Technologies is the global leader in ultracapacitor & supercapacitor energy storage and helps companies in automotive, transportation, grid, and industry to save energy.
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Ambient Sound Investments
VC Fund · Tallinn, Harjumaa, Estonia · 2 investments in Estonia Community startups

Ambient Sound Investments (ASI) was established in 2003 as an equal partnership by four founding engineers at Skype to hold a minority stake in Skype. At the end of 2005 ASI sold its Skype shares to eBay and now operates as a private investment vehicle.

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Investment focus

  • Industry: Internet, Software, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: Estonia, United States, United Kingdom

Investor stats

  • Total investments: 31
  • Round size: Seed $200k–$3.7M; Series A $527k–$3.7M; Series B $5.2M–$6M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Pomelo Fashion — Shop the latest fashion at POMELO fashion. Designed and manufactured in house for quality and style. Dresses, tops, knits, jackets, denim, accessories and more!
  • KappaZeta — Kappazeta's AI-driven satellite insights help governments and businesses make fact-baseddecisions and save time on analyzing vast amounts of data globally.
  • Ampler Bikes — Ampler is a light electric bike for everyone who seeks freedom and adventure in their daily routines and commutes. No heavy batteries, bulky screens or other clutter. We combine modern technology with a traditional bicycle design to make pedalling easier, lighter and faster. Our vision is to offer emotive zero-emission commuting for everyone.Since 2016, Ampler has grown from a small bicycle startup into a committed e-bike company with a large international team and showrooms in Berlin, Cologne, Amsterdam, Zurich and Tallinn. Our lightweight e-bike models Curt, Stout and Stellar have won multiple awards and are being used every day by over 10,000 happy riders all over Europe.Our team spirit, mission, values and production principles are still the same as on the early days of Ampler. All our bikes are designed with the highest attention to details and are hand-assembled in our factory in Tallinn, Estonia.
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Veedoo
VC Fund · 1 investments in Estonia Community startups

Develop high-end apps, software and websites that have a positive impact on society.

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Investment focus

  • Industry: Events, Sports, Fitness
  • Stage:Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Everyrun — Everyone. Everywhere. Everyrun.We are on a mission to connect the world through running and make the world a healthier and happier place.By providing an easy way to organise recreational races and running events, we open the door to a world of new running experiences in unique locations anywhere in the world.From public parks to private land,we’re the most unique collection of running events and we make it super-simple to participate!Everyone togetherEveryrun is a growing community of good-natured people and the most comprehensive resource for recreational races, park runs and other unique running experiences. By connecting people and helping them run together, Everyrun works to support those who value their fitness and the company of other runners.We welcome experienced runners and professional athletes but, we are most proud of members who started running because of our events.Everywhere (and any time)Traditionally, running events have been about sport, competition and performance, however this excludes thousands of people who just want to run together and thousands of beautiful locations (parks, trails, farms etc) that are not optimised for competitive events.Everyrun is different. Of course we love competition, but we are all about locations and experiences. So, if you want to organise a run to your local beauty spot, or go jogging in a new city and make friends - Everyrun makes this possible.The Everyrun platformEveryrun gets the sharing economy moving. In the same way that AirBnB and Hipcamp have enabled a new world or hosting and accommodation, we are on a mission to help hosts create truly unique races and runs, and give runners thousands of new events to join.By empowering our hosts to create and monetise local events, we create a sustainable marketplace that connects runners and organisers, and our race management app takes the pain out of orgaising events.Whenever you attend an Everyrun event, you'll benefit from local knowledge, experience and creativity. You'll discover new places, make new friends and ultimately leave a little healthier and happier :)
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Lompsa
VC Fund · 1 investments in Estonia Community startups

Lompsa is in the office administrative services industry. It is based in Otepaa vald, Estonia.

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Investment focus

  • Industry: GPS, Pet, Apps
  • Stage:Pre-Seed
  • Geography: Estonia

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Traxby — Traxby OÜ (formerly Huntloc OÜ) is a company owned by Estonian owners, founded in 2013, which develops various real-time tracking platforms via a smartphone and manufactures tracking devices. The company’s product portfolio includes the following solutions: hunting platform Huntloc for hunters, team management platform LiveTeam, dog tracking appDoglo. The company has developed its own GPS-GSM tracking device, which is mainly intended for tracking dogs. The device is long life, robust, water resistant, no distance limitation.
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Mirrow Institute OÜ
VC Fund · 1 investments in Estonia Community startups

Investor

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Investment focus

  • Industry: FinTech, Leisure, Robotics
  • Stage:Seed, Pre-Seed
  • Geography: Estonia, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Yanu — Robotics Company in Estonia, EU.
  • Ecex Exchange — Obtain #crypto on a simple powerful trading platform. Perform authorized crypto transactions. Pay for products and services in cryptocurrencies. #ziggurattoken
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Community VC funding in Estonia at a glance

Stats across 30 deals from 32 investors.

32
investors
in Estonia Community startups
30
deals
in Estonia Community startups
$94k
median round
in Estonia Community startups
44%
lead investors
lead at least one round
33%
Pre-Seed
most common funding stage

Access all 32 VC funds in Estonia Community startups.

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